Wholesale Inflation Slips further into Negative Zone as food and fuel prices drop

India’s wholesale price index (WPI) based inflation eased further into negative territory to 1.21 per cent in October this year on an annual basis, down from 0.13 per cent in September. According to the data released by the Ministry of Commerce and Industry, the negative rate of inflation during the last month is primarily due to a decrease in prices of food articles, crude petroleum and natural gas, electricity, mineral oils and the manufacture of basic metals.        On a year-over-y...